Relatively big volume on friday with 2.1m traded
looks encouraging
I see Hartleys put out a note on AMU on 15 April
they expect AMU to increase both production and reserves by 15% this year
They provided an interesting comparitive chart demonstrating how significantly undervalued AMU is against its producer peers on a EV/2P valuation basis
They cited a number of near term catalysts for a re-rate
1. A restructure of their debt resulting in significant reduction in interest payments
2. Increase production and reserves by 15%
3. Good leverage to higher oil prices
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getting the house in order, page-13
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